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Sep 28, 2012
09/12
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cliff, the spending cuts and tax hikes that will kick in next year if congress and the administration can't end the rancor and agree on how to handle the deficit. the ratings agency fitch said today uncertainty about u.s. fiscal policy is the single biggest near-term threat to the global recovery. when you see washington act the way it's been acting, does it make you more cautious? hr of course. >> reporter: bayard winthrop launched american giant, a new men's clothing business in san francisco this year. but the indecision in washington, he says, is holding him back. >> it doesn't breed a lot of optimism. so we're hiring, but we're not hiring as aggressively as i think we would be if i had real confidence that we were on a pathway towards growth nationally. >> reporter: so in effect, washington is undermining the ionomy. >> i think that the lack of substantial and positive debate is undermining the economy. >> reporter: one piece of good news today, weekly first-time unemployment claims dropped to a two-month low. bor the labor department says the economy actually added nearly 400,00
cliff, the spending cuts and tax hikes that will kick in next year if congress and the administration can't end the rancor and agree on how to handle the deficit. the ratings agency fitch said today uncertainty about u.s. fiscal policy is the single biggest near-term threat to the global recovery. when you see washington act the way it's been acting, does it make you more cautious? hr of course. >> reporter: bayard winthrop launched american giant, a new men's clothing business in san...
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Dec 27, 2012
12/12
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also dragging down sales was uncertainty about the so-called fiscal cliff, tax hikes and spending cuts set to take effect next year. if lawmakers don't reach a deal to avoid it, consumers could see higher taxes eating into their paychecks. even online sales suffered. compared to past years of double-digit growth, this year, online holiday sales rose only about 8%, compared to nearly 16% last year. overall, holiday spending accounts for up to 30% of retailers' annual sales, so the disappointing season is a concern for an economy struggling to recover. >> consumers need to have more confidence. consumers need to feel that their jobs are secure. it's not an ideal situation. it's more of a conservative, cautious time. and companies are managing carefully, consumers are spending carefully. >> reporter: retailers are now hoping to lure consumers with deep discounts of 75% to 80% off in some cases as they try to salvage profits from this lackluster holiday shopping season. jim. >> axelrod: so, elaine, this is the first set of holiday shopping numbers that we've seen. any chance that they'll b
also dragging down sales was uncertainty about the so-called fiscal cliff, tax hikes and spending cuts set to take effect next year. if lawmakers don't reach a deal to avoid it, consumers could see higher taxes eating into their paychecks. even online sales suffered. compared to past years of double-digit growth, this year, online holiday sales rose only about 8%, compared to nearly 16% last year. overall, holiday spending accounts for up to 30% of retailers' annual sales, so the disappointing...
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Nov 28, 2012
11/12
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this morning little progress to report in efforts to avert the so-called fiscal cliff, those are the tax increases and spending cuts that will take effect next year. republicans and democrats continue to squabble over raising taxes and sparing entitlement programs like medicare and medicaid. today the president discusses the issues with leaders of major corporations. he met with small business leaders yesterday. susan mcginnis is in washington. >> reporter: while the two sides remain deadlocked president obama is taking his case to the american people trying to drum up support. republicans are complaining that instead of being out campaigning he needs to sit down with them and work out a deal. it's a short drive up pennsylvania avenue from the capital to the white house but congressional republicans and president obama are getting farther apart in their effort to keep the nation from veering off the so-called fiscal cliff. a series of tax hikes and spending cuts due to kick in at the end of the year. >> seems like our friends on the other side is having difficulty turning off the cam
this morning little progress to report in efforts to avert the so-called fiscal cliff, those are the tax increases and spending cuts that will take effect next year. republicans and democrats continue to squabble over raising taxes and sparing entitlement programs like medicare and medicaid. today the president discusses the issues with leaders of major corporations. he met with small business leaders yesterday. susan mcginnis is in washington. >> reporter: while the two sides remain...
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Nov 28, 2012
11/12
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cliff." a series of tax hikes and spending cuts due to kick in at the end of the year. >> seems like our friends on the other side are having some difficulty turning off the campaign. >> reporter: the white house says the campaign gives the president support from the american people. >> the election was conclusive in terms of which path a majority of americans want to take. >> reporter: president obama will try to build support when he meets with middle class americans here in washington today. he will ask them how the "fiscal cliff" could impact their lives. on tuesday, he invited small business owners into the oval as of to offer their ideas. >> they had one message for the president at the oval office, they need certainty. please get this deal done as soon as possible. >> reporter: but spend anytime on capitol hill and it's easy to see a deal isn't forthcoming soon. >> there's been little progress with the republicans, which is a disappointment to me. >> their hard left doesn't want to cha
cliff." a series of tax hikes and spending cuts due to kick in at the end of the year. >> seems like our friends on the other side are having some difficulty turning off the campaign. >> reporter: the white house says the campaign gives the president support from the american people. >> the election was conclusive in terms of which path a majority of americans want to take. >> reporter: president obama will try to build support when he meets with middle class...
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Sep 11, 2012
09/12
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what is the fiscal cliff? >> is very confusing, it is actually the combination of tax increases and spending cuts that are scheduled to go into effect january 2013. we have the bush era tax cuts set to expire and they bring the tax system back to 2001 levels. we also have president obama's temporary cuts including the 2 percent payroll tax holiday. it is estimated that 80 percent of americans will see some form of tax increase next year if nothing is done and the fact that the tax policy center says average household are facing $3,700 jump in taxes as a result of the fiscal clef >> how will that affect the economy and the jobs market? >> this is why we call it a cliff, it is pretty scary. the congressional budget office said it would likely slide into recession as a result of tax increases and spending cuts. the economy is expected to shrink by about a half percent next year if nothing is done and also the fiscal cliff is expected to increase the nation's unemployment rate from the current level to 9.1%. on mo
what is the fiscal cliff? >> is very confusing, it is actually the combination of tax increases and spending cuts that are scheduled to go into effect january 2013. we have the bush era tax cuts set to expire and they bring the tax system back to 2001 levels. we also have president obama's temporary cuts including the 2 percent payroll tax holiday. it is estimated that 80 percent of americans will see some form of tax increase next year if nothing is done and the fact that the tax policy...
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Dec 11, 2012
12/12
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. >>> to the fiscal cliff negotiations now. it is crunch time. with just three weeks before higher taxes and spending cuts kick in, negotiations are underway, but it's not known what if any progress is being made. speaking in michigan yesterday, the president said he's willing to compromise a little, but the gop wants to know specifics. danielle nottingham has more. >> reporter: president obama's campaign to steer clear of the fiscal cliff took him to a diesel engine plant outside detroit. >> congress doesn't act soon, meaning the next few weeks, starting on january 1, everybody's going to see their income taxes go up. >> reporter: private face-to-face talks were revived this weekend when house speaker john boehner went over to the white house. neither side is releasing details about the conversation, but taxes are still the big sticking point. >> i'm not going to have a situation where the wealthiest among us including folks like me get to keep all our tax breaks. >> reporter: republicans have adamantly opposed raising taxes, but now some are co
. >>> to the fiscal cliff negotiations now. it is crunch time. with just three weeks before higher taxes and spending cuts kick in, negotiations are underway, but it's not known what if any progress is being made. speaking in michigan yesterday, the president said he's willing to compromise a little, but the gop wants to know specifics. danielle nottingham has more. >> reporter: president obama's campaign to steer clear of the fiscal cliff took him to a diesel engine plant...
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Jan 2, 2013
01/13
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. >> it would be catastrophic, far worse than the "fiscal cliff." >> reporter: many republican congressmen say the debt limit debate is the last chance for them to secure the deep spending cuts necessary to pay down our nation's debt. tara mergener for cbs news, washington. >>> after his address, president obama returned to hawaii to finish his vacation and will sign the bill there. >>> most overseas stock markets rose on news of the u.s. "fiscal cliff" has been averted. the kospi stock exchange in south korea celebrated its first trading day in 2013. it finished up as did hong kong, australia, germany, britain and france. here in the u.s., the new year's first day of trading begins in about two hours. >>> people affected by hurricane sandy will have to wait for the next session of congress to learn the fate of a federal aid package. the senate already passed the $60 billion measure but the house ended without voting on it. the new coming will be sworn in tomorrow. >>> and as lawrence just said, it is a chilly morning in the bay area. but don't light a fire. today is a "spare the air" day
. >> it would be catastrophic, far worse than the "fiscal cliff." >> reporter: many republican congressmen say the debt limit debate is the last chance for them to secure the deep spending cuts necessary to pay down our nation's debt. tara mergener for cbs news, washington. >>> after his address, president obama returned to hawaii to finish his vacation and will sign the bill there. >>> most overseas stock markets rose on news of the u.s. "fiscal...
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Dec 7, 2012
12/12
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in this country president obama says cutting a deal to avoid the fiscal cliff could to be done in a week but the president said that won't happen unless republicans drop their opposition to hire taxes for the wealthy. president obama visited a virginia family to move his cause. he maintained his hard line on tax increase. >> just to be clear i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%. but i do remain optimistic that we can get something done. >> congress and the president have until the end the year to avert automatic spending cuts and tax increase. take a quick break. when we come back on the morning news a preview of this morning's jobs report. what role did sandy play in last month's hiring. this is the morning news. port. what role did sandy play in hiring? ♪ [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on wher
in this country president obama says cutting a deal to avoid the fiscal cliff could to be done in a week but the president said that won't happen unless republicans drop their opposition to hire taxes for the wealthy. president obama visited a virginia family to move his cause. he maintained his hard line on tax increase. >> just to be clear i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%. but i do remain optimistic that we can...
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Oct 21, 2012
10/12
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if congress does nothing, the fiscal cliff will come at midnight to december 31, when the bush-era tax cuts expire, triggering a hike for 90% of taxpayers. the financial impact of an average middle-income household would be about $2,000, or $166 of automatic withholding per month. the trigger would also slash the defense budget by 50%, and domestic spending by 50% as well. shutting down 1,200 government programs. going over the fiscal cliff, says the congressional budget office, could push the jobless rate over 9%, dragging the country back into recession. mark zandi, chief economist with moody's is here to discuss. mark, thank you for being with us. the idea behind these spending cuts and tax hikes was to force congress to make a decision on this. if they do not, what happens next for our economy? >> well, tax rates rise for everybody, and of course of course, that would cause people to pull back. we'd have big government spending cuts from everything to the defense budget to amtrak to the park service. businesses would grow very nervous, obviously, because they're going to get hit by
if congress does nothing, the fiscal cliff will come at midnight to december 31, when the bush-era tax cuts expire, triggering a hike for 90% of taxpayers. the financial impact of an average middle-income household would be about $2,000, or $166 of automatic withholding per month. the trigger would also slash the defense budget by 50%, and domestic spending by 50% as well. shutting down 1,200 government programs. going over the fiscal cliff, says the congressional budget office, could push the...
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Aug 23, 2012
08/12
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. >>> the congressional budget office put out another warning about the so-called fiscal cliff. 2 million job losses are likely with the automatic tax increases and spending cuts go into effect at the end of the year. democrats and republicans are split on to extending the current tax rates to all americans. the new report find some middle class is getting smaller. the middle income earners are defined as those making between 39,100 $19,000 a year per family of three. the middle class shrank last year and was 61 percent back in 1971. >>> the company has never seen bigger losses. the silicon valley company confirms a loss almost $9 billion in the latest quarter. there's a failed acquisition of a technology consulting service. the third quarter losses $4.49 per share. it is not just for online transactions and more. revenue deal that will allow retailers to accept discover cards to process. to be able to use mobile devices. the partnership will discover it will expand the services to more than 70 million stores. the camel is a rare sight in the bay area. the people and pets per hour doing a
. >>> the congressional budget office put out another warning about the so-called fiscal cliff. 2 million job losses are likely with the automatic tax increases and spending cuts go into effect at the end of the year. democrats and republicans are split on to extending the current tax rates to all americans. the new report find some middle class is getting smaller. the middle income earners are defined as those making between 39,100 $19,000 a year per family of three. the middle class...
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Jan 2, 2013
01/13
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. >> the fiscal cliff is history pfor for now after congress approved a a not cut spending. there were some last minute eff& rtspeff byorts by house republicans to change the bill without one-third of them ended up vot& ng pvotyes.ing yes. nancy cordes is on capitol hill. good morning. repp>> orterepor: grterood : gomornod ming.orning. pwe now we nfinaow flly inalknowly k witnow h with certainty who's going to be keeping their bush-era tax cuts. the answer, just about everybody. the cuts were extended for all household income under $400,000 under 450 for families. the bill permanently prevents the alternative tax from hitting middle class families and ex tendexteed tndedhe the unemployment for a couple mill jobless americans. what this bill doesn't do is deal with the spending side of the fiscal cliff. that sequester, the package of across the board spending cuts that's supposed to kick in at the beginning the year to both defense and nondefense related agencies. the negotiators were only able to come up with a plan to push that sequester off for a couple of months and that
. >> the fiscal cliff is history pfor for now after congress approved a a not cut spending. there were some last minute eff& rtspeff byorts by house republicans to change the bill without one-third of them ended up vot& ng pvotyes.ing yes. nancy cordes is on capitol hill. good morning. repp>> orterepor: grterood : gomornod ming.orning. pwe now we nfinaow flly inalknowly k witnow h with certainty who's going to be keeping their bush-era tax cuts. the answer, just about...
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Dec 10, 2012
12/12
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. >> reporter: but now with the post-election budget fight in washington over the fiscal cliff, hudson's business faces a battle on three fronts. all of which are up in the air. defense cuts, tax hikes, employee health-care costs. >> uncertainty kills businesses, because you can't plan. you can't program, you can't forecast. >> reporter: with defense spending on the chopping block, even with congress avoids the fiscal cliff, hudson predicts that 15% slowdown in orders next year. >> it could be june before we start seeing orders and if that's true, i will end up laying off people. >> reporter: hudson is also concerned about taxes. because it's profits are treated as income, that puts them over $250,000 a year. the level where president obama wants taxes to go up. >> i'm supposedly a rich guy? i don't think so! i think we ought to pay our share. but that could have a significant impact to the point that i may have to lay off one or two more people. >> reporter: the financial impact of the affordable health care act is also a question mark as the plan slowly phases in. >> i believe in famil
. >> reporter: but now with the post-election budget fight in washington over the fiscal cliff, hudson's business faces a battle on three fronts. all of which are up in the air. defense cuts, tax hikes, employee health-care costs. >> uncertainty kills businesses, because you can't plan. you can't program, you can't forecast. >> reporter: with defense spending on the chopping block, even with congress avoids the fiscal cliff, hudson predicts that 15% slowdown in orders next...
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Dec 27, 2012
12/12
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also dragging down sales was uncertainty about the fiscal cliff, tax hikes and spending cuts set to take effect next year. if lawmakers don't reach a deal to avoid it consumers could see higher taxes eating into their paychecks. even online sales suffered compared to past years of double-digit growth this year online holiday sales rose only about 8% compared to nearly 16% last year. lack of consumer confidence means this shopping season could be the weakest since the recession in 2008 when sales actually shrank. >> consumers need to have more confidence. right now it's more of an uncertain way for the first half of 2013 so i think everyone has thought going into the year. >> for businesses, the holiday shopping season officially ends december 31st, and retailers are hoping to salvage some profits by offering deep discounts until then. the president of the national retail federation is still optimistic. he estimates holiday sales growth will be about 3.5% to 4% this year. rebecca and jeff? >> thanks elaine. it's interesting, macy's and target report next week so we're going to hear from t
also dragging down sales was uncertainty about the fiscal cliff, tax hikes and spending cuts set to take effect next year. if lawmakers don't reach a deal to avoid it consumers could see higher taxes eating into their paychecks. even online sales suffered compared to past years of double-digit growth this year online holiday sales rose only about 8% compared to nearly 16% last year. lack of consumer confidence means this shopping season could be the weakest since the recession in 2008 when...
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Dec 26, 2012
12/12
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. >> the fiscal cliff is forcing the president so cut short his christmas vacation. >> he would insurablely dare house and senate republicans to oppose. >> inside the home of a gunman who shot and killed two firefighters. >> they believe to have found human remains -- >>> these afghans are dead after a suicide bomber instruct at an air base. >> china has the fastest train in the world, it will travel nearly 200 miles per hour. >> he was stolen from a street in new york city and now thanks to good samaritans the dog is back home. >> whoa! >>> there goes santa! look at that. >> this sad, an alabama fan, a hat, and tickets to the bcs title game. >> we're going to the game! ♪ >>> welcome to cbs this morning. we begin with this powerful storm system that caused a string of tornadoes that damaged buildings and knocked out hour in places like louisiana, mississippi, and alabama. it dropped heavy snow in parts of texas, oklahoma, and arkansas. >> it's blamed for three deaths and we'll check the forecast but we begin in hard hit mobile alabama where blake brown of our cbs affiliate is watching the
. >> the fiscal cliff is forcing the president so cut short his christmas vacation. >> he would insurablely dare house and senate republicans to oppose. >> inside the home of a gunman who shot and killed two firefighters. >> they believe to have found human remains -- >>> these afghans are dead after a suicide bomber instruct at an air base. >> china has the fastest train in the world, it will travel nearly 200 miles per hour. >> he was stolen from a...
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Oct 9, 2012
10/12
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the fiscal cliff refers to budget control measures scheduled to take effect at year's end, including tax increases and spending cuts. >>> today attack now on the u.s. consulate in libya. one of the men responsible for the security of u.s. diplomatic in libya said he knew there were security issues there long before the deadly attack in benghazi. he's scheduled to testify tomorrow. sheryl atkinson has his story. >> reporter: lieutenant colonel andrew wood last set foot in libya in february to elite a security team with expertise in counterterrorism. from the moment he arrived, he says he saw chaos. >> shooting instances occurred. many instances involving the local security guard force that we were training there. constantly there was battles going on between militias. >> reporter: wood met daily with ambassador christopher stevens to discuss security. was he concerned about security? >> he was. he was constantly concerned about the threats to not just himself, but the entire staff there. >> reporter: was there what you saw as a visible security drawdown during the period of time you w
the fiscal cliff refers to budget control measures scheduled to take effect at year's end, including tax increases and spending cuts. >>> today attack now on the u.s. consulate in libya. one of the men responsible for the security of u.s. diplomatic in libya said he knew there were security issues there long before the deadly attack in benghazi. he's scheduled to testify tomorrow. sheryl atkinson has his story. >> reporter: lieutenant colonel andrew wood last set foot in libya in...
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Jan 2, 2013
01/13
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from capitol hill to the white house we're covering all angles of the deal to avoid the "fiscal cliff" and we'll talk with a republican congressman about whose taxes may be going up and why there were no spending cuts. also, the ceo of weight watchers joins us here in the new year to talk about the business of weight loss. and his own personal battle of the bulge. and then there's some new technology that developers claim could end drunk driving. so lots of news ahead so we'll see you in just about 10 minutes. >> we will. thank you, nora. "cbs this morning" starts here at 7:00. >>> want to save more money this year? you probably do. cbs 5 reporter julie watts says there are three easy tricks to keep your new year's resolutions. >>> reporter: as you plunk down a couple of bucks for that cup of coffee. >> probably two or three times a day. >> reporter: or pay more for lunch. >> typically around bucks. >> reporter: ask yourself, do you make more than $90 an hour? that's what you need to earn to reasonably afford eating out five days a week. >> it's not worth the hassle for me to prepare
from capitol hill to the white house we're covering all angles of the deal to avoid the "fiscal cliff" and we'll talk with a republican congressman about whose taxes may be going up and why there were no spending cuts. also, the ceo of weight watchers joins us here in the new year to talk about the business of weight loss. and his own personal battle of the bulge. and then there's some new technology that developers claim could end drunk driving. so lots of news ahead so we'll see you...
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Dec 30, 2012
12/12
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we'll talk about the fiscal cliff to senator dick durbin and senator tom coburn on face the nation. >> osgood: next week here on sunday morning, a conversation with general stanley mcchrystal. and we catch up with actress laura durn. my doctor diagnosed it as fibromyalgia, thought to be the result of overactive nerves that cause chronic widespread pain. lyrica is believed to calm these nerves. i learned lyrica can provide significant relief from fibromyalgia pain. and for some people, it can work in as early as the first week of treatment. so now i can do more of the things that i enjoy. lyrica is not for everyone. lyrica may cause serious allergic reactions or suicidal thoughts or actions. tell your doctor right away if you have these, new or worsening depression, or unusual changes in mood or behavior, or any swelling or affected breathing or skin, or changes in eyesight, including blurry vision or muscle pain with fever or tired feeling. common side effects are dizziness, sleepiness, weight gain, and swelling of hands, legs and feet. don't drink alcohol while taking lyrica. don't d
we'll talk about the fiscal cliff to senator dick durbin and senator tom coburn on face the nation. >> osgood: next week here on sunday morning, a conversation with general stanley mcchrystal. and we catch up with actress laura durn. my doctor diagnosed it as fibromyalgia, thought to be the result of overactive nerves that cause chronic widespread pain. lyrica is believed to calm these nerves. i learned lyrica can provide significant relief from fibromyalgia pain. and for some people, it...
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Nov 28, 2012
11/12
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. >> still no deal on capitol hill to avoid that "fiscal cliff" at the end of the year. some republicans have said they are willing to consider some tax increase but they are insisting on larger budget cuts to benefit programs which of course the democrats oppose. if all sides can't agree on a spending plan before year's end the automatic tax hikes and across-the-board budget cuts kick in. >> we must do everything we can to ensure that middle class families are not hit with $2,200 a year in tax increases. >> i hope cooler heads will prevail as we move through the process. we need to be working together. >> president obama is trying to generate public support for his ideas. he is going to meet with corporate executives today at the white house, then travel to pennsylvania friday to push for highers taxes for the wealthy. >>> susan rice on capitol hill today again to meet with lawmakers. the u.n. ambassador is trying to explain comments she made shortly after attacks on the u.s. consulate in benghazi, libya. yesterday she met with three of her strongest senate critics incl
. >> still no deal on capitol hill to avoid that "fiscal cliff" at the end of the year. some republicans have said they are willing to consider some tax increase but they are insisting on larger budget cuts to benefit programs which of course the democrats oppose. if all sides can't agree on a spending plan before year's end the automatic tax hikes and across-the-board budget cuts kick in. >> we must do everything we can to ensure that middle class families are not hit...
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Jan 2, 2013
01/13
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"fiscal cliff" has been averted. here's the kospi stock exchange in korea celebrating its first trading day in 2013 it finished up today, as did hong kong, germany, australia, britain and france finishing up. the new year's first day of trading in the u.s. set to begin in an hour and a half. >>> the house stayed late to pass the "fiscal cliff" package but members left without agreeing on federal aid for victims of hurricane sandy. the senate already okayed the $60 billion measure. new congress will be sworn in tomorrow. >>> well, on weather news it's freezing out there this morning literally and we have cbs 5 reporter anne makovec feeling the freeze in san rafael. good morning, anne. >> reporter: i have been watching the temperature here behind me at this bank in san rafael. it's below zero, elizabeth, celsius at least. 26 degrees fahrenheit right now. a freeze warning in effect for the north bay and a frost advisory in effect until 9 a.m. for the shoreline and the santa clara valley. temperatures in the 20s and 30s,
"fiscal cliff" has been averted. here's the kospi stock exchange in korea celebrating its first trading day in 2013 it finished up today, as did hong kong, germany, australia, britain and france finishing up. the new year's first day of trading in the u.s. set to begin in an hour and a half. >>> the house stayed late to pass the "fiscal cliff" package but members left without agreeing on federal aid for victims of hurricane sandy. the senate already okayed the $60...
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Oct 9, 2012
10/12
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. >>> the so-called fiscal cliff. if congress cannot make a budget deal by the new year, tax increases and spending cuts will automatically kick in. some economists predict that would lead to a new recession. bill plante is in washington with the latest. good morning. >> reporter: good morning. select group of senators who call themselves the gang of eight will meet at mt. vernon, home of george washington, four republicans and four democrats who are trying to put together some ideas for a framework of revenue increases and budget cuts that both parties could agree to. e erskine bowles and alan simpson are expected to attend that meeting. if they were to go off the so-called fiscal cliff, that would impact 88% of u.s. taxpayers, whose taxes would go up an estimated $3,500 per year. both of them say there is a strong chance that congress will not come to an agreement by january. if that happens, there will be some tax increases and some budget cuts which may go into effect or congress may find a way to push the decisio
. >>> the so-called fiscal cliff. if congress cannot make a budget deal by the new year, tax increases and spending cuts will automatically kick in. some economists predict that would lead to a new recession. bill plante is in washington with the latest. good morning. >> reporter: good morning. select group of senators who call themselves the gang of eight will meet at mt. vernon, home of george washington, four republicans and four democrats who are trying to put together some...
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Dec 24, 2012
12/12
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. >>> well on this christmas eve, the fiscal cliff is one day closer. much of the talk in congress on sunday focused on who's to blame for the lack of a deal. there are eight days left for lawmakers to head off mandatory budget cuts and tax hikes, and nancy cordes is in honolulu where president obama is having his christmas vacation. nancy, good morning. >> reporter: good morning to you, rebecca. it's almost as if the president and congressional leaders have called a sort of time-out when it comes to the fiscal cliff. there are no major discussions going on right now about what to do now that talks between the president and the speaker appear to have stalled. in fact, the president and senate majority leader harry reid were both here in honolulu yesterday for the funeral of hawaii senator daniel inouye. we're told they didn't really discuss what to do next. before he left washington the president urged leaders to craft a sort of scaled down plan that simply extends the bush tax rates for the middle class and extends long-term unemployment benefits for a
. >>> well on this christmas eve, the fiscal cliff is one day closer. much of the talk in congress on sunday focused on who's to blame for the lack of a deal. there are eight days left for lawmakers to head off mandatory budget cuts and tax hikes, and nancy cordes is in honolulu where president obama is having his christmas vacation. nancy, good morning. >> reporter: good morning to you, rebecca. it's almost as if the president and congressional leaders have called a sort of...
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Jun 30, 2012
06/12
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it a fiscal cliff for the government and the economy. so we turn to senator chris coops, he's a democrat from delaware part of a -- >> good morning rebecca. >> how much more difficult does this health care ruling make it to find compromise given how contentious it is and the fallout we're already seeing? >> i'm disappointed that the republican response to the affordable care act being upheld by the supreme court has been to amp up the volume to repeal it. i think instead we should embrace the fact that there are significant improvements to public health, broadened coverage. there are 17 million children who are benefiting from the affordable care act. it doesn't allow insurance companies to deny them coverage. one of the biggest drivers of the ongoing financial challenges as a country is the steady, o annual double digit increase in health care costs and the affordable care act could be a part of dealing with our long-term financial costs. it is going to be make it harder, the atmosphere in washington is more partisan than it's ever been
it a fiscal cliff for the government and the economy. so we turn to senator chris coops, he's a democrat from delaware part of a -- >> good morning rebecca. >> how much more difficult does this health care ruling make it to find compromise given how contentious it is and the fallout we're already seeing? >> i'm disappointed that the republican response to the affordable care act being upheld by the supreme court has been to amp up the volume to repeal it. i think instead we...
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Nov 7, 2012
11/12
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cliff where all of the bush tax cuts expire, where the draconian cuts go in to affect across the board not only social programs but -- in the defense department. there is a general mess shaping up here, of serious proportions here you have a president elected who lost the popular vote. what kind of a mandate is he going to have here. you have the same -- republicans are now going to own the house. democrats are still going to hold the senate. they have been in virtual gridlock for the last two years. will this election really make a difference? the democrats were saying beforehand that they thought it would but what do you think, norah? >> we're still waiting for a lot of the vote to come in in california and some of the west coast states we could see that popular vote change a bit there. bob is absolutely right that president obama now faces these huge challenges he's got to work with john boehner, the speaker of the house. these two men who wouldn't return one another's calls the last time the fiscal cliff problem came around. in anticipation that have john boehner was quoted as sayi
cliff where all of the bush tax cuts expire, where the draconian cuts go in to affect across the board not only social programs but -- in the defense department. there is a general mess shaping up here, of serious proportions here you have a president elected who lost the popular vote. what kind of a mandate is he going to have here. you have the same -- republicans are now going to own the house. democrats are still going to hold the senate. they have been in virtual gridlock for the last two...
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Jan 21, 2013
01/13
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of cascading fiscal cliff-esque budget deadlines over the next several months and that really is the biggest threat to president obama's agenda. the things he talked about today whether it was on climate change immigration reform, gun safety. it's hard to do those things when you have as john pointed out leftovers from the first term. >> pelley: unity on monday, real politics on tuesday. norah and john, thank you very much. cbs news live coverage of the second inauguration of president obama will continue after these words. sometimes life can be well, a little uncomfortable. but when it's hard or hurts to go to the bathroom, there's dulcolax stool softener. dulcolax stool softener doesn't make you go, it just makes it easier to go. dulcolax stool softener. make yourself comfortable. ♪ i dare you to dare me this winter? i've got a dare. ♪ repair six months of damage in just one use. introducing the new pantene repair & protect system. damage effects are visible. the pro-v system repairs six months of damage in just one use. ♪ for hair that's silky smooth... all season long. ♪
of cascading fiscal cliff-esque budget deadlines over the next several months and that really is the biggest threat to president obama's agenda. the things he talked about today whether it was on climate change immigration reform, gun safety. it's hard to do those things when you have as john pointed out leftovers from the first term. >> pelley: unity on monday, real politics on tuesday. norah and john, thank you very much. cbs news live coverage of the second inauguration of president...